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Part 5 · Groups  ›  Division 1 · Group solvency › Section 264

Capital add-on for the group

(1) The group supervisory authority may set a capital add-on to the consolidated Solvency Capital Requirement for the group where the consolidated Solvency Capital Requirement does not adequately reflect the group's risk profile. This is the case, in particular, where 1. a risk specific to group level cannot be adequately covered by the standard formula or the internal model used, because it is difficult to quantify, or 2. capital add-ons are prescribed for the related insurance undertakings under sections 301 and 263.
(2) Section 301 and the delegated acts issued under Article 37 of Directive 2009/138/EC apply correspondingly.

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